New Hotel Chain Project Dissolves in Seminole

Staff Report
NewsWest 9

SMEINOLE - It was an opportunity for growth, slowed down by the economy.

The Seminole Economic Development Board has put the breaks on plans for a new hotel chain.

Developers say there are several reasons for their decision.

Construction costs have escalated, plus with the oil and gas industry slowdown, there's less business travel.

The three million dollar development had not yet begun construction on the 60-room Comfort Inn.

The Seminole Economic Development board voted unanimously to stop the project earlier this week.

The hotel was planned to sit on Main Street.